GBPUSD/ 1.2320 Determines Bearish Continuation or Bullish Revers

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GBPUSD Technical analysis

We should closely monitor the next price movement, as it holds significant importance. If the price continues the bearish trend from 1.2320 and falls below 1.2225, it would confirm the activation of the bearish trend, targeting 1.2140. However, any reversal above 1.2320, particularly if confirmed by the closing of a 4-hour candle above this level, could lead to a rise toward 1.2433 before resuming a potential decline.

Tendency Keys: 1.2310
Resistance Line: 1.2310, 1.2433, 1.2530
Support Line: 1.2225, 1.2140, 1.2140

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